Double upside rejection and soured risk sentiment shift near-term focus lower
The Euro dipped to three-day low on Thursday, seeing increased risk of deeper pullback after bulls showed strong signals of stall by leaving two consecutive inverted hammer candles (Tue/Wed).
Daily RSI turned south, warning of loss of…
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US jobless claims rise as Covid-19 surge slows recovery in labor market
US weekly jobless claims unexpectedly rose last week, as new restrictions to control surging coronavirus infections triggered fresh wave of layoffs and threatening to further slow recovery in labor market.
The number of people filling…
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Turkish central bank under new leadership hikes key interest rate to 15%
The Turkish Central Bank opted for more aggressive action in its November’s policy meeting and raised its policy rate by 475 basis points to 15%.
Markets widely expected strong hike after President Erdogan replaced Turkey’s Financial…
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Aussie accelerates lower as greenback rallies on surging new virus cases
The Australian dollar drops to four-day low on Thursday after bulls repeatedly failed to clearly break above 0.73 barrier, with fresh strength of the US dollar on growing worries on rise of coronavirus cases and fading optimism about the…
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Cable eases after double upside failure, risks deeper pullback
Cable dips to two-day low (1.3205) in early Thursday, deflated by newspaper report that Europe’s leaders are set to demand European Commission to publish plans for no-deal Brexit, as fears of negotiations stall rise.
European leaders aim…
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Employment in Australia surged above all expectations in October
Australian employment surged in October, beating all expectations, as easing of virus restrictions boosted hiring, though unemployment ticked higher (7.0% from 6.9% in Sep).
Report of Australian Bureau of Statistic showed strong rise in…
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